Erik Wright

FINDING YOUR DREAM HOME

BUYERS

begin home search

HIRING A REALTOR®

Hiring an experienced, highly qualified Realtor® to represent you throughout your home buying journey will be vital to your success throughout the process. Ensure that the Realtor® you’re choosing to work with has an abundance of experience, a great support team behind them at their brokerage and is dedicated to finding your dream home for the most competitive price.

MORTGAGE PRE-APPROVAL

When you’re preparing to buy a new home, your next step is obtaining your mortgage pre-approval. Connecting with a reputable, local lender will ensure that you’re focusing on the right price range and properly prepared to purchase your next home in Southeast Michigan. Ask your Realtor® who they recommend and trust, but always remember to compare a few options.

LIST OF WANTS & NEEDS

When you’re beginning your search for a new home in Southeast Michigan, you’ll want to begin by providing your Realtor® with two lists: Wants & Needs.

Creating these lists will allow your Realtor® to begin searching for your perfect home in Metro Detroit.

ERIK’S EXPERIENCE IS YOUR ADVANTAGE

With over 600 homes and $200 million in sales volume closed, Erik is an expert negotiators with hundreds of industry connections leading to inside knowledge on the most desirable listings in Southeast Michigan.

EXPERT NEGOTIATING

VOLUME SOLD
$ 0 M+
HOMES SOLD
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POWERFUL & EFFECTIVE CUSTOM MARKETING

BUYING YOUR HOME

Breaking Down The Process

STEP 1: GETTING STARTED

Planning & Preparation
  • What is your motivation to buy?
  • What price range are you comfortable with?
  • What is your timeline to move?
  • What are your ideal features and “must haves”?
  • What are you searching for in a neighborhood or community?
Setting Expectations
  • What are current market conditions in the areas you’d like to buy?
  • How much are homes selling for in your target market?
  • What type of home can you afford? Completely updated, moderately updated, needs work, etc.
  • How long does it typically take a buyer to find a home?

STEP 2: FINDING YOUR HOME

The Search
  • Work with your Realtor® to schedule private showings of homes
  • Attend open houses when available.
Offers & Negotiation Strategies
  • Review and understand the purchase contract with your Realtor® 
  • Review seller’s disclosures to fully understand the condition of the property
  • Discuss the home’s value and review the market analysis with your Realtor® 
  • Discuss offer strategies and recommendations with your Realtor® 
  • Submit your offer for your next home!
  • Negotiate to optimize price and terms
  • Acceptance of offer or counter offers

STEP 3: GETTING UNDER CONTRACT

The Escrow Process
  • Notify Title and Lender of acceptance and send fully executed contract
  • Wire initial Earnest Money Deposit
  • Contact insurance agent for homeowner coverage quote(s)
Inspection Process
  • Within the contractually agreed upon inspection period, schedule your private inspection for the home
  • Attend private inspection (Always recommend that you’re present for the inspection)
  • Review private inspection with your Realtor® 
  • Negotiate potential repairs or seller credits and remove the inspection contingency
Appraisal and Loan Process
  • Once the private inspection is completed, you will notify your lender to order the appraisal of the property
  • Review appraisal report and verify the determined value is sufficient to support the purchase price
  • If necessary, renegotiate purchase price to accommodate an appraised value below the originally agreed upon price
  • Provide your lender with all required documentation to receive full loan approval and the clear-to-close.

STEP 4: CLOSING

Welcome Home
  • Always schedule a final walkthrough prior to closing
  • Schedule your closing with your Realtor® to coordinate with Title, Lender and the seller(s) of the home
  • Review your closing documents with your Lender and Realtor®
  • Transfer utilities into your name effective the date of closing or when you will be receiving keys, if there’s post-closing occupancy
  • Arrange to wire down-payment and closing costs to Title
  • Closing, key delivery and CELEBRATION!
Working Together Again
  • Staying in touch and keeping you informed
  • Second homes and investment properties
  • Providing resources and introductions
  • Referrals, testimonials and reviews.
ARE YOU

LOOKING TO BUY
A HOME?